WTO calls for more to be done to 'include' poor countries in global trade

The World Trade Organization (WTO) said on Monday that open trade alone was not enough to reduce inequalities between wealthy and developing nations and more was needed to help poorer countries.

The WTO’s 2024 report on global trade looked at the role that commerce has played to narrow the gap between economies since its creation in 1995. The report found that low- and middle-income economies tend to engage less in international trade, receive less foreign direct investment and depend more on commodities.